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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

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EURUSD – Euro/dollar pin bar reversal may lead to another leg higher

The EURUSD has been trending higher since mid-April and over the last week we have seen it pull back to support between the 8 and 21 daily chart exponential moving averages (a dynamic value / support area). Notice on the daily chart below, a pin bar reversal buy signal formed today as buyers came back into the market following the brief pull back that took place over the last six days. If price can hold above the low of today’s pin (1.1108 area) we could easily see prices push higher and resume their upward track from here. However, a close below 1.1108 would likely lead to a deeper downside pull back.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial's Professional Forex Course here.

Recent

  1. Petrus July 31, 2017 at 3:15 pm

    Thank you.
    I would like to know your advice or suggestion on how swing traders who are using daily time frame dealing with gapping up or down that usually happen on Monday.

    Reply
  2. Samuel July 31, 2017 at 11:57 am

    Great analysis.. your insight into the market is always refreshing. Keep it up Neil

    Reply

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